Alex Bates has spent the last decade bringing artificial intelligence and machine learning to the forefront of the industrial market. In 2016, Alex sold his company, Mtell to AspenTech for $38 million. Unlike most tech startups, Alex and his co-founder raised only $1m in funding and maintained ownership of the majority of the company. As part of the acquisition, Alex had to stay with AspenTech for two years. Now, he’s dedicating his life to driving AI tech forward. Alex wrote his book, “Augmented Mind: Al, Superhumans and the Next Economic Revolution”, he is an active angel investor, and he is a partner in AI incubator The Sandbox.
Here’s a glimpse of what you’ll learn:
- [3:10] Jeremy introduces his guest, Alex Bates.
- [5:00] Alex talks about getting into a “Flow state.”
- [8:45] What is Alex’s favorite aspect of his book, “Augmented Mind?”
- [12:00] Alex shares a low moment from his career.
- [14:45] A proud moment from Alex’s career.
In this episode…
Did you know that one of the most important lessons a leader can discover is to learn to adapt? It’s true! From the lowest valleys to the highest mountain tops, a leader needs to know when to keep forging ahead and when to challenge the competition. On this episode of Inspired Insider, you’ll hear from entrepreneur and innovator, Alex Bates. In his conversation with Jeremy, Alex talks about getting into a flow state, what he loved about writing his book, challenges he has faced on his journey, and much more. Don’t miss this great opportunity to learn from Alex’s fascinating perspective!
Some people learn to adapt later in life while others have to learn from an early age, where do you fit? Did you have to learn how to make your voice heard in a crowded home with many siblings or did you only learn to adapt recently in your career as you’ve faced new challenges? Alex Bates has been learning to adapt his thinking and his approach to life from a young age. He remembers having to fight with his brother for a time slot in front of his families only computer and adjusting to new situations when his family moved from city to city. This early life experience of having to adapt and augment his thinking has served Alex well.
Looking back on one of the lowest moments in his career, Alex says that they nearly shut Mtelligence down when the first offer to buy the company fell through. Reaching back to his days of nearly constant change and adversity, Alex continued to forge ahead with his team and ultimately sold Mtelligence to the tune of $38 million. While everyone won’t have a career as successful as Alex’s, resilience and tenacity are important and valuable lessons to learn. Today, Alex is focused on angel investing, promoting his new book, and exploring the possibilities of AI. What can you learn from Alex’s story?
Resources Mentioned on this episode
- Neocortex Ventures
- Augmented Mind: AI, Superhumans, and the Next Economic Revolution
- Peter Diamandis’ Abundance 360
- Peter Thiel
- Elon Musk
- Steve Jobs
- Intro Music by Kidd Russell
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